News results for "opel"

Analysis: how PSA boss Tavares transformed the car group

Posted By GMbeat on Articles

https://www.autocar.co.uk - PSA chairman Carlos Tavares recently confirmed a 40% year-on-year revenue growth and record profitability for the group, which passed Volkswagen Group in September to become Europe’s biggest car maker.   Tavares has transformed PSA’s Peugeot, Citroën and DS brands (plus newly acquired Vauxhall-Opel) from a dire financial situation into what is now one of the most profitable car-making groups in the world.

New 2020 Vauxhall Mokka X to gain electric version

Posted By GMbeat on Articles

https://www.autocar.co.uk - The next-generation Vauxhall Mokka X small SUV, due to go into production in 2020, will offer an electric powertrain. The move is part of the PSA Group’s plans to accelerate the electrification of the Vauxhall and Opel ranges, including a plug-in hybrid or electric version of every model.

General Motors to close seven factories, axe 15% of workforce

Posted By GMbeat on Articles

https://www.autocar.co.uk - General Motors is planning to shut seven factories and shed 15% of its workforce as part of a major restructure that will also involve shifting investment into developing autonomous and electric vehicles. The US firm has struggled with falling sales in recent years prompting a major revamp, which has included selling Vauxhall and Opel, its British and European brands, to the PSA Group.

PSA deal aims to create win-win for Opel, French engineering firm

Posted By GMbeat on Articles

http://europe.autonews.com - PSA's plan to transfer 2,000 engineering posts at Opel's underutilized Ruesselsheim engineering center to Segula Technologies is supposed to protect jobs while giving the French firm a coveted foothold in Germany.

PSA may still close a UK Vauxhall factory post-Brexit

Posted By GMbeat on Articles

https://www.autocar.co.uk - Vauxhall may lose one of its two UK manufacturing plants if the market declines after the UK leaves the European Union, according to a report. An unnamed source close to the brand told Bloomberg that the PSA Group, which took ownership of Opel and Vauxhall in 2017, is considering the best response to a potential drop in new car sales post-Brexit.

Opel to Lead EV Charge for PSA Groupe, Become All-Electrified Brand by 2024

Posted By GMbeat on Articles

http://www.thedrive.com - Opel clarified Thursday the role it will play in the electrification scheme of its new owner, PSA Groupe, the conglomerate also in charge of Peugeot, Citroën, and DS. The automaker states that as part of its "Pace!" plan, it will electrify the entirety of its lineup in the next few years as replacements for legacy General Motors products arrive. Eight new models are on the way within the next two years, along with significant electric boosts for two models in particular. Its compact Grandland X crossover—a Peugeot 3008 relative—will be offered as a plug-in hybrid.